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The Wider Economic Benefits of Transportation: An Overview

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  • T. R. Lakshmanan

    (Boston University)

Abstract

Economic contributions of investments of transport infrastructure are typically assessed from a microeconomic perspective, which tries to identify the link between specific transport infrastructure improvements and the productivity of specific production units. The traditional economic tool of the microeconomic perspective is cost benefit analysis (CBA), an ex ante tool which tries to capture the benefits of time and cost savings --- as well as further gains from logistical improvements and facilities consolidation made possible by transport improvements --- and the associated costs including external costs. The objective of this Round Table sponsored by OECD / ECMT and Boston University is to identify and move towards methods which incorporate the wider economic benefits of transport infrastructure, not typically captured in the CBA estimates of benefits and costs. The aim of this brief paper is to offer an overview of such wider economic benefits ensuing from transport infrastructure investments.

Suggested Citation

  • T. R. Lakshmanan, 2007. "The Wider Economic Benefits of Transportation: An Overview," OECD/ITF Joint Transport Research Centre Discussion Papers 2007/8, OECD Publishing.
    • Handle: RePEc:oec:itfaaa:2007/8-en
    DOI: 10.1787/234804032336
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    Cited by:

    1. Arvin, Mak B. & Pradhan, Rudra P. & Norman, Neville R., 2015. "Transportation intensity, urbanization, economic growth, and CO2 emissions in the G-20 countries," Utilities Policy, Elsevier, vol. 35(C), pages 50-66.
    2. Ogunleye Olusogo & Ajibola Akinyemi & Enilolobo Oluwafemi & Shogunle Olufolakemi, 2018. "Influence of road transport infrastructure on agricultural sector development in Nigeria," Logistics, Supply Chain, Sustainability and Global Challenges, Sciendo, vol. 9(1), pages 39-50, February.
    3. Mehmet Aldonat Beyzatlar & Müge Karacal & Ý. Hakan Yetkiner, 2012. "The Granger-Causality between Transportation and GDP: A Panel Data Approach," Working Papers 1203, Izmir University of Economics.
    4. Sénquiz-Díaz Cynthia, 2021. "Transport Infrastructure Quality and Logistics Performance in Exports," Economics, Sciendo, vol. 9(1), pages 107-124, June.
    5. José Manuel Viegas, 2012. "The urban mobility system and regional competitiveness," Chapters, in: Roberta Capello & Tomaz Ponce Dentinho (ed.), Networks, Space and Competitiveness, chapter 2, pages 35-55, Edward Elgar Publishing.
    6. Elena Cigu & Daniela Tatiana Agheorghiesei & Anca Florentina Gavriluță (Vatamanu) & Elena Toader, 2018. "Transport Infrastructure Development, Public Performance and Long-Run Economic Growth: A Case Study for the Eu-28 Countries," Sustainability, MDPI, vol. 11(1), pages 1-22, December.
    7. Moura, Ticiana Grecco Zanon & Chen, Zhangliang & Garcia-Alonso, Lorena, 2019. "Spatial interaction effects on inland distribution of maritime flows," Transportation Research Part A: Policy and Practice, Elsevier, vol. 128(C), pages 1-10.
    8. Barakatou Atte-Oudeyi & Bruno Kestemont & Jean Luc De Meulemeester, 2016. "Road Transport, Economic Growth and Carbon Dioxide Emissions in the BRIICS: Conditions For a Low Carbon Economic Development," Working Papers CEB 16-023, ULB -- Universite Libre de Bruxelles.

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